https://www.taxtmi.com/highlights?id=91259 The ITAT allowed the assessee's appeal, holding that denial of the deduction claimed under section 80IBA solely due to belated filing of the income tax return by 16 days was unjustified. The tribunal found that the assessee had a reasonable and bona fide cause for delay, attributable to the Covid-19 pandemic, and had made substantial compliance. The addition was made without issuing any show cause notice, violating principles of natural justice. The deduction was admissible on the facts, and the specific amount was computed accordingly. The tribunal emphasized that technical non-compliance should not result in denial of substantive rights, and the assessee should not be burdened with taxes not legally payable. Consequently, the appeal was allowed, affirming the entitlement to the claimed deduction despite the delayed filing. en-us Tue, 05 Aug 2025 07:54:28 +0530 Tue, 05 Aug 2025 07:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=91259 The ITAT allowed the assessee's appeal, holding that denial of the deduction claimed under section 80IBA solely due to belated filing of the income tax return by 16 days was unjustified. The tribunal found that the assessee had a reasonable and bona fide cause for delay, attributable to the Covid-19 pandemic, and had made substantial compliance. The addition was made without issuing any show cause notice, violating principles of natural justice. The deduction was admissible on the facts, and the specific amount was computed accordingly. The tribunal emphasized that technical non-compliance should not result in denial of substantive rights, and the assessee should not be burdened with taxes not legally payable. Consequently, the appeal was allowed, affirming the entitlement to the claimed deduction despite the delayed filing. Highlights Income Tax Tue, 05 Aug 2025 07:54:28 +0530 https://www.taxtmi.com/highlights?id=91259